Some of our clients.
Following is some information on some of our clients. We hope you will find this useful to see how we might help you with the planning of your business.
Hospitality, Egyptian Style
Tutankhamun Hospitality is a joint venture providing corporate hospitality for the Tutankhamun Exhibition at the O2.
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All the business's financial needs are outsourced, and cover three levels of financial support: Financial Director, Management Accountant, and Book-keeper. GSBS together with VFDNet appealed because of the flexible service we can offer - in fact, we ended up offering a unique package which gave them a bit of each!
We began the service for the 10 month exhibition in January 2007, setting up systems from scratch - books, bank accounts, management accounts, VAT and registration. This allowed the client to focus on operations.
We will also be handling winding up the operation when the exhibition is over. The whole contract has been carried our in 1-2 days per month, monitoring cash flow and producing monthly accounts, with 3 days book-keeping per month.
We used variance analysis to look at previous costs and help cost new package deals from what had already happened. For example, hospitality guests received a free boat ticket. We established the number of people who used it, which enabled us to plan more accurately for the next time. The client commented on the "simplicity and cost effectiveness of the system. We can access it if we need to, but scaling up and down is subject to demand. It's like a tap that can be turned off and on as needed.It's reassuring to know that a more comprehensive backup is there if we need it, but that we don't have to worry about day to day costs and practical issues related to employing full time employees".